Question

llowing is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):

Answer 1

Answer:

hello your question is incomplete below is the complete question

Formulating Financial Statements from Raw Data

Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):

Revenue                                      $14,880.2

Cash from operating activities 1,526.8

Cash, beginning year                  673.2

Stockholders' equity                6,612.2

Non-cash assets                       18,054.9

Cash from financing activities* (865.3)

Cost of goods sold                 8,926.7

Total expenses (other than cost of goods sold) 4,155.2

Cash, ending year                           619.6

Total liabilities                           12,062.3

Cash from investing activities   (715.1)

*Cash from financing activities includes the effects of foreign exchange rate fluctuations.

(a) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 2011.

Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable).

Explanation:

Attached below are the tables prepared by me showing the income statement for the year ending may 29 2011, Balance sheet ending May 29 2011, statement of cash flows fo year ending May 29 2011